The Belize Competition Project (BCP) under Program Estimate 2 (PE2) serves as the vehicle for the development of a Competition Regime for Belize. The total amount of PE2's budget is BZE$ 2,028,363.00 and its operating period runs until September 30th, 2016.
The three main results expected from the activities to be carried out over this operational period are:
- The establishment of a Policy, legislative and institutional framework necessary for the Belize Competition Regime;
- The establishment of administrative support structures for the Belize Competition Project and development of a Competition Regime.
- Increasing the visibility, awareness and understanding of the mandate of the BCP.
The development of a Competition policy and law must be based on a thorough analysis of the domestic economy and legal environment to ensure appropriateness of rules and regulations put in place.
With this in perspective, the Project Management Unit (PMU) is currently implementing three contracts needed to complete all activities under the project. The three tenders launched are to deliver on the 'Design and Development of a Communication and Visibility Strategy and Action Plan & Website Design'; a 'Research and Development of an Economic Mapping study, a Legislative Review and Legal Inventory Study and Drafting of a Competition Policy and Law for Belize'; and advisory services through a 'Competition Advisor'.
The final outputs from these consultancies will facilitate the enabling environment for a competition policy and law for Belize. Furthermore, it will contribute to the development of an institutional and regulatory framework necessary for the application and enforcement of these rules through a National Competition Authority.